Buying a home is an emotional journey. You’ve found a property you love, made your offer, and then the call comes: it hasn’t been accepted. It’s a situation that can feel frustrating and, at times, disheartening. But it doesn’t have to be the end of the road.
So, what should you do next?
Step 1: Consider Your Options
When an offer is rejected, you really have three choices:
- Walk away – Accept that this one wasn’t meant to be and refocus your energy on other opportunities.
- Leave your offer on the table – Let the seller know it still stands. If the property doesn’t sell quickly, they may come back to you.
- Increase your offer – Negotiate further to see if you can reach an agreement that works for both sides.
Each path has its pros and cons, and the best choice depends on your circumstances, budget, and how much you want this particular property.
Step 2: Talk to the Agent
The estate agent is your best source of insight. Ask questions such as:
- Has the seller made a counteroffer?
- How much interest has there been in the property?
- Are the sellers motivated to move quickly?
Understanding the seller’s position can help you decide whether increasing your offer makes sense or if it’s better to step away.
Step 3: Check Your Finances
Before you adjust your offer, revisit your finances.
- Do you know the maximum you can borrow?
- Have you had up-to-date advice from your mortgage provider?
- Can you comfortably afford a higher repayment each month?
It’s easy to get caught up in the excitement of negotiations, but setting clear financial boundaries will help you avoid overstretching. Remember: “just another thousand pounds” can add up quickly.
Step 4: Be Clear on Your Limits
Set a firm budget before re-entering negotiations. If the seller won’t meet you within your range, ask yourself whether this is truly the right home at the right price. Sometimes, the best decision is to walk away and refocus on finding a property that better fits your needs and budget.
Final Thoughts
A rejected offer can feel like a setback, but it’s simply part of the process. Stay calm, stick to your budget, and remember, there will always be other opportunities. The right property is out there, and when you find it, you’ll know.
💡 If you’re looking to sell your property, we’d be delighted to give you a free market appraisal. Contact your local managing partner and we’ll set up a time to chat. We’d be delighted to hear from you.
